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Dec 26, 2012
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the impact of the ports shutting down again is not just localized to port but nationwide on everybody else who relies on the ports to move the nation's commerce. adam: jonathan gold, supply chain and customs policy for the national retail federation. thanks for being with us on this wednesday evening. >> thanks very much. adam: a high-stakes lawsuit by the nfl, the nba and other major sports leagues get a key green light from a federal judge. how it could bring legalized sports gambling in new jersey to a screeching halt and how the garden state is preparing to fight back. that is coming up next. at the end of the day it is always about money. ♪ . adam: talk about throwing a curveball at sports betting? a federal judge has ruled major sports leagues and the ncaa can sue new jersey to block its legalization of sports betting. now they claim letting people bet on sports in new jersey will cause serious damage to their respective sports. but my next guest couldn't disagree more. with me is the meadowlands racetrack. welcome to you, sir. just to give people background on this, four year
the impact of the ports shutting down again is not just localized to port but nationwide on everybody else who relies on the ports to move the nation's commerce. adam: jonathan gold, supply chain and customs policy for the national retail federation. thanks for being with us on this wednesday evening. >> thanks very much. adam: a high-stakes lawsuit by the nfl, the nba and other major sports leagues get a key green light from a federal judge. how it could bring legalized sports gambling...
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Dec 26, 2012
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that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at loggerheads. you don't want to shut down commerce in the united states and that's what this will do. liz: it would stretch from maine to houston apparently. it would choke supply chains across the country. and whether or not the federal government would step in and mediate this one is going to be a key issue going forward for any similar labor disputes. david: if the government does, of course the obama administration has been seen as being pro union, would that continue to be pro union even though being pro union could cripple this economy. liz: it depends on whoois on the boa
that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at...
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Dec 26, 2012
12/12
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those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not indicative of those holders. from the period of october 28 through december 24, sales only grew by seven tenths of a percent. sales grew by 2%. as we take a look at some of our favorite video, people actually shopping, the retail federation is sticking to its prediction. we will see year over year growth for the holiday season. they are predicting we will have a $586 billion season. what we are seeing through spending polls and shopping track where they downward vision, the reaction to superstar -- superstar saady. it may not necessarily be fear over the country's fiscal problems and the negotiations
those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not...
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Dec 26, 2012
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they're citing a 2002 lockout at west coast ports, at west coast ports that caused the economy one billion dollars a day. this is after a push by federal mediators, the two sides agreed to come to the table again. no word when those talks are scheduled. the only up shot to the whole thing, lori, the big shipping season is over. lori: that is one of the mitigating factors. tracy: it might not be as damaging to the economy. we're talking about royalty fees here. lori: we're talking about royalty fees. a union story. union having more of an influence given size of this economy and industry. this is what the critics are saying about it. more big bad union news there for you. let's check the markets. stocks are off the worst less of the session. let's check in with nicole on the floor of the stocks he can changes. you're looking a couple names on the move today. >> we're looking at a couple movers. we're off session lows. i see drug index and banking index actually have green arrows now. let's look at herbalife. that is name we focused on since last week. dropped 12% last friday. had 19% loss.
they're citing a 2002 lockout at west coast ports, at west coast ports that caused the economy one billion dollars a day. this is after a push by federal mediators, the two sides agreed to come to the table again. no word when those talks are scheduled. the only up shot to the whole thing, lori, the big shipping season is over. lori: that is one of the mitigating factors. tracy: it might not be as damaging to the economy. we're talking about royalty fees here. lori: we're talking about royalty...